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Re: Amigo Mike post# 4371

Thursday, 07/02/2015 10:49:08 AM

Thursday, July 02, 2015 10:49:08 AM

Post# of 9125
I have to agree...you can't separate the message and the messenger.

But...now we're seeing resistance at .10. All of a sudden, buyers were coming out of the woodwork.

I want to suggest a little back of the envelope calculation. At this price, the market cap is about 13M. Ordinarily, you would need earnings of about 750K for that kind of multiple (as a growth stock that doesn't apply, but its good enough for comparison sake).

That kind of money is a joke. A McDonalds makes more money than that, by a big margin. In a multi-billion dollar bovine mastitis market, they could be making several million with a single deal.

Thus, my thinking is this stock is a buy at anything under .16-.18. Why sellers are rushing for the exit is a mystery to me. And I won't be surprised if in september (if dahl decides to favor us with some information about the production deal in florida), if we see another sudden spike back above .20.
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